EURUSD still showing potential support below in the forms of a trend line and prior highs from 6.18.2013 as well as subsequent lows which were established after breaking above 1.34 in mid 2013. Consider this an alert that the euro is considered undervalued when compared to where it was at the beginning of the year. Now to see if the trend continues and a retest of the 1.39 level is in the cards. The 200 day moving average is also below the current price so you can bet there are some buyers there. Author's edit: Entry to be placed as close to 1.34 as possible with a stop just below 1.3280, while targets aim to shoot for previous highs
Comments
HappyKing
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THAT IS MAKE SENSE TO ME
I'LL TRY THANK YOU!
HappyKing
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PLEASE LET ME KNOW WHERE IS YOUR STOP?
I wanna see 1.4 and 1.44
WitchDoctor
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Entry to be placed as close to 1.34 as possible
with a stop just below 1.3280, while targets aim to shoot for
previous highs
I'LL TRY THANK YOU!